Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 2.8% year-on-year (YOY), on a nominal basis, in the first quarter (1Q/16). In the prior quarter GDV was down 2.5% YOY. Over the past five quarters Diners GDV ranged between $6.47 billion and $6.76 billion.
After peaking at $7.2 billion in 4Q/12, the international charge card has experienced a substantial softening in quarterly gross volume. Acquired by Discover Financial Services in July 2008, the international payment card’s GDV high for 2014 was $6.93 billion in the year ago quarter.
Diners Club International recently inked an agreement to increase e-commerce acceptance for Discover, Diners Club and Alliance Partner cards. This agreement is part of Discover Global Network’s ongoing effort to increase global acceptance, both online and in-store, through partnerships with leading payment service providers. By working with Computop, all cards running on the Discover Global Network will be provided with seamless and secure access to additional top merchants in the travel, e-commerce, hospitality and retail industries, among others.
During 2015 Diners Club inked a deal with Elo, the largest Brazilian credit card brand, to allow acceptance of Elo Global Cards for international purchases and cash access outside of Brazil on the Discover Global Network, which includes Discover Network, Diners Club International and the PULSE network.
Creditcall, a payment gateway provider and EMV migration specialist, and Discover’s Diners Club inked an agreement to expand the acceptance of Diners Club cards worldwide.
Lugano-based Cornèr Bank inked a deal to acquire Diners Club Italia and Dinit from Discover Financial Services. Diners Club Italia is the Diners Club International licensee for Italy, San Marino and Vatican City and Dinit is a Diners Club card transaction processor in Slovenia.
Diners Club and Alternatifbank (ABank) inked an agreement to form a new Diners Club International issuing franchise in Turkey. The agreement makes ABank the exclusive Diners Club card issuing franchise in Turkey.
Discover’s Diners Club International signed a deal to further grow Discover card acceptance in the UK and Europe. The contract with The Logic Group offers services based on supporting Omnichannel customer interactions whether managed payments or loyalty solutions and integrating these to provide customer insights.
DINERS CLUB GDV HISTORICAL
1Q/15 $6474 million
2Q/15 $6773 million
3Q/15 $6560 million
4Q/15 $6760 million
1Q/16: $6738 million
Source: Diners Club
Note: Volume is derived from data provided by licensees for Diners Club branded cards issued outside of North America.
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